NetApp reveals strong fourth-quarter earnings

The storage specialist exceeded analyst expectations for the end of its fiscal year and raised its outlook for the next quarter

NetApp has reported a strong finish to its fiscal year and raised the outlook for the next quarter.

The storage player reported fiscal fourth-quarter earnings of $160.6m (£98.6m), or 40 cents a share, on revenue of $1.43bn, up from $1.17bn a year ago. Non-GAAP earnings were 59 cents a share, well above Wall Street analysts' estimates of 53 cents a share. For fiscal 2011, NetApp reported earnings of $400.4m, or $1.13 a share, on revenue of $5.12bn.

As for the outlook, NetApp projected fiscal first-quarter revenue of $1.5bn, give or take three percent. Year-on-year that sum equates to 26 to 34-percent revenue growth.

For more on this ZDNet UK-selected story, see NetApp delivers strong Q4 results, raises outlook on ZDNet.com.

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